Community Healthcare Trust (NYSE:CHCT) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Community Healthcare Trust (NYSE:CHCT – Get Rating) in a report released on Thursday morning. The brokerage issued a hold rating on the real estate investment trust’s stock.

A number of other research firms have also weighed in on CHCT. TheStreet upgraded Community Healthcare Trust from a c+ rating to a b- rating in a report on Friday, January 13th. Piper Sandler raised their target price on Community Healthcare Trust from $41.00 to $45.00 in a report on Tuesday, January 17th. Truist Financial raised their target price on Community Healthcare Trust from $43.00 to $48.00 and gave the company a buy rating in a report on Tuesday, January 17th. Robert W. Baird raised their target price on Community Healthcare Trust from $38.00 to $43.00 and gave the company an outperform rating in a report on Thursday, February 16th. Finally, Janney Montgomery Scott upgraded Community Healthcare Trust from a neutral rating to a buy rating and set a $44.00 price target on the stock in a report on Friday, January 13th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $43.43.

Community Healthcare Trust Stock Performance

Shares of Community Healthcare Trust stock opened at $35.41 on Thursday. Community Healthcare Trust has a 52 week low of $30.38 and a 52 week high of $43.88. The stock has a 50 day moving average price of $39.95 and a two-hundred day moving average price of $36.34. The stock has a market capitalization of $921.37 million, a PE ratio of 43.18, a price-to-earnings-growth ratio of 1.56 and a beta of 0.73.

Community Healthcare Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Tuesday, February 21st were issued a dividend of $0.4475 per share. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.45. This represents a $1.79 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date of this dividend was Friday, February 17th. Community Healthcare Trust’s dividend payout ratio (DPR) is 218.30%.

Insider Buying and Selling

In other news, Director Claire M. Gulmi bought 2,042 shares of the firm’s stock in a transaction on Thursday, March 9th. The stock was acquired at an average cost of $36.77 per share, with a total value of $75,084.34. Following the completion of the transaction, the director now directly owns 26,140 shares of the company’s stock, valued at approximately $961,167.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Community Healthcare Trust

A number of large investors have recently bought and sold shares of the company. Arizona State Retirement System increased its position in Community Healthcare Trust by 3.9% in the fourth quarter. Arizona State Retirement System now owns 6,728 shares of the real estate investment trust’s stock worth $241,000 after buying an additional 255 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in Community Healthcare Trust by 4.9% in the second quarter. BNP Paribas Arbitrage SA now owns 6,602 shares of the real estate investment trust’s stock worth $239,000 after buying an additional 311 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Community Healthcare Trust by 3.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,448 shares of the real estate investment trust’s stock worth $410,000 after buying an additional 359 shares during the last quarter. State of Alaska Department of Revenue increased its position in Community Healthcare Trust by 1.3% in the fourth quarter. State of Alaska Department of Revenue now owns 28,309 shares of the real estate investment trust’s stock worth $1,011,000 after buying an additional 360 shares during the last quarter. Finally, Brinker Capital Investments LLC grew its position in shares of Community Healthcare Trust by 1.7% in the fourth quarter. Brinker Capital Investments LLC now owns 21,254 shares of the real estate investment trust’s stock valued at $761,000 after purchasing an additional 363 shares in the last quarter. 87.68% of the stock is owned by hedge funds and other institutional investors.

About Community Healthcare Trust

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Community Healthcare Trust, Inc engages in the acquisition of real estate properties that are leased to hospitals, doctors, healthcare systems, and other healthcare services providers. It invests in healthcare properties including outpatient treatment and diagnostic facilities, urgent care centers, acute care hospitals, ambulatory surgery centers, assisted living and long-term care facilities, medical office buildings, clinics, specialty hospitals and treatment centers.